Nasdaq notifies Theratechnologies regarding share price noncompliance

Theratechnologies (NASDAQ:THTX) announces a receipt of notification letter from the Nasdaq dated March 3, 2023, advising that the Company was not in compliance with Listing Rule 5550(a)(2) as the bid price of listed securities had closed at less than $1.00 per share over the last 30 consecutive business days (the “Minimum Bid Price Requirement”) from January 19, 2023 to March 2, 2023.
In accordance with Nasdaq Marketplace Rule, the Company has a period of 180 calendar days from the date of the Notification Letter, until August 30, 2023, to regain compliance with the Minimum Bid Price Requirement.
If the Company does not regain compliance by the end of the Compliance Period, the Company may be eligible for an additional 180 calendar day period to regain compliance.